FB pixel

As biometric payment card production begins, Zwipe wraps up oversubscribed share placement

As biometric payment card production begins, Zwipe wraps up oversubscribed share placement
 

The final tally of Zwipe’s private placement and subsequent offering is more than 4 million valid subscriptions received, and full allocation of the 7,381,315 shares offered, at a value of approximately NOK 111 million (US$11.6 million).

The subsequent offering expired on October 27, and the offer shares ran out before 1.5 million new shares subscribed for by investors without subscription rights, to whom no shares were therefore allocated. The offering was oversubscribed by 1,829,982 new shares by shareholders who did have subscription rights.

Several primary insiders invested during the subsequent offering, including board members Johan Biehl, who picked up 12,169 offer shares, Dennis Jones (2,728 shares), and Diderik Schonheyder (302 shares).

Additionally, primary insider Concito AS, which is owned by Zwipe Board Member Pål Eivind Vegard, has been allocated 32,650 offer shares, 173 more than initially announced, and another, Feat Invest AB, which is owned by Biehl, has been allocated 12 more than the 18,280 offer shares it initially received in the subsequent offering. The company announced a subsequent offering to a previous NOK 96 million (roughly $10 million) private placement, raising up to an additional NOK 15 million ($1.6 million).

The shares are expected to be delivered on or around November 6, with trading on the Merkur Market or Nasdaq First North Growth Market beginning at the same time.

Zwipe has begun receiving volume orders of biometric fingerprint sensors to supply the payment card market.

Article Topics

 |   |   | 

Latest Biometrics News

 

Biometrics providers and systems evolve or get left behind

Biometrics are allowing people to prove who they are, speeding journeys through airports, and enabling anonymous online proof of age,…

 

Findynet funding development of six digital wallet solutions

Finnish public-private cooperative Findynet has announced it will award 60,000 euros (US$69,200) to six digital wallet vendors to help translate…

 

Patchwork of age check, online safety legislation grows across US

As the U.S. waits for the Supreme Court’s opinion on the Texas case of Paxton v. Free Speech Coalition, which…

 

AVPA laud findings from age assurance tech trial

The Age Verification Providers Association (AVPA), and several of its members, have welcomed the publication of preliminary findings from the…

 

Sri Lanka to launch govt API policies and guidelines

Sri Lanka’s government, in the wake of its digital economy drive, is gearing up to release application programming interface (API)…

 

Netherlands’ asylum seeker ID cards from Idemia use vertical ICAO format

The Netherlands will introduce new identity documents for asylum seekers Idemia Smart Identity, compliant with the ICAO specification for vertical…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Biometric Market Analysis

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events